XML 149 R129.htm IDEA: XBRL DOCUMENT v3.4.0.3
RELATED PARTY TRANSACTIONS (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
item
shares
Jul. 12, 2014
shares
Jul. 12, 2014
shares
Mar. 31, 2016
USD ($)
item
shares
Mar. 31, 2015
USD ($)
Dec. 31, 2013
shares
Dec. 31, 2015
USD ($)
item
shares
Dec. 31, 2014
USD ($)
item
shares
Related Party Transaction [Line Items]                
Professional Fees       $ 2,072 $ 1,926      
Interest expense       1,957 494      
Debt Instrument, Convertible, Number of Equity Instruments | shares   4,132,231 4,132,231          
Number of related Party investments in CIFC CLOs               1
Related Party investments $ 70,696     77,347     $ 70,696  
Cash and cash equivalents 57,968     52,011 41,461   57,968 $ 59,290
CIFC FUNDING 2013-II - Board Member Investment                
Related Party Transaction [Line Items]                
Debt Instrument, face amount $ 1,000     1,000     1,000  
DFR Holdings Board of Directors [Member]                
Related Party Transaction [Line Items]                
Base Compensation       $ 200 200   $ 700 $ 800
DFR Holdings LLC                
Related Party Transaction [Line Items]                
Number of shares owned (shares) | shares 18,800,000     18,800,000   10,090,909 18,800,000 18,800,000
Professional Fees       $ 500 $ 500   $ 2,000 $ 2,000
Directors designated by DFR Holdings           6    
Interest expense               1,900
CIFC Corp                
Related Party Transaction [Line Items]                
Preferred Units, Issued | shares 85,000           85,000  
Preferred Units, Contributed Capital $ 85,000     85,000     $ 85,000  
Senior Notes [Member]                
Related Party Transaction [Line Items]                
Long-term Debt, Gross [2] $ 40,000 [1]     $ 40,000     $ 40,000 [1]  
CIFC FUNDING 2013-II - Board Member Investment                
Related Party Transaction [Line Items]                
Debt Instrument, face amount               $ 1,000
Number of related Party investments in CIFC CLOs 1     1     1  
Board Member ownership % 50.00%     50.00%     50.00% 50.00%
CIFC Funds                
Related Party Transaction [Line Items]                
Related Party investments $ 4,700     $ 4,700     $ 4,700 $ 4,700
Aggregate related party investment in funds | item 4     4     4 4
CIFC Corp | Dividend in kind cash [Member]                
Related Party Transaction [Line Items]                
Cash and cash equivalents $ 42,000           $ 42,000  
Warrants | DFR Holdings LLC                
Related Party Transaction [Line Items]                
Class of warrant, outstanding | shares 2,000,000     2,000,000   2,000,000 2,000,000 2,000,000
Proceeds from extension of warrants               $ 200
Minimum [Member] | DFR Holdings LLC                
Related Party Transaction [Line Items]                
DRF holdings ownership percentage 5.00%     5.00%     5.00%  
Series A Preferred Stock [Member] | CIFC Corp                
Related Party Transaction [Line Items]                
Preferred Stock, Dividend Rate, Percentage       3.50%     3.50%  
Call Option [Member] | CIFC Corp                
Related Party Transaction [Line Items]                
Preferred stock callable period 4 years              
[1] The Senior Notes bear interest at 8.5% and mature on October 30, 2025
[2] The Senior Notes bear interest at 8.5% and mature on October 30, 2025. As of January 1, 2016, the Company temporarily did not meet certain registration requirements under the indenture (and associated agreements) and incurred additional interest of 25 basis points per annum for the period ended March 31, 2016. Each 90 days thereafter interest will increase by 25 basis points (capped at 1% per annum) until cured. The Company has cured these conditions and expects the additional interest to end in July 2016.